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Bone ShibaSwap (BONE) Doubles Up Ahead of Shibarium Upgrade

Cryptocurrency Sep 08, 2022 11:32AM ET
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Bone ShibaSwap (BONE) Doubles Up Ahead of Shibarium Upgrade
 
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As the grand launch of Shibarium nears, Bone ShibaSwap (BONE) is making an impression on the crypto world once again. The governance token by Shiba Inu (SHIB) Ecosystem has almost doubled in the last fortnight.

Bone ShibaSwap (BONE) Keeps Growing

The governance coin Bone ShibaSwap (BONE) keeps overcoming obstacles that most of the TOP 20 cryptocurrencies by market cap fall to easily. Inflation, increased FED tax rates, war in Ukraine and selling sprees by Ethereum (ETH) whales cannot stop $BONE’s growth.

Even though the token has a horizontal area of support at $1.20, the Bone ShibaSwap (BONE) token managed to gain 5.8% in the last 24 hours, according to CoinGecko. At the time of publication, $BONE trades at $1.71. This could be due to the fact that members of the Shiba Army who owe the most $BONE are able to vote for proposals inside the Shiba Inu (SHIB) Ecosystem.

The strong voice of the community is seen in the constant voting for listings on various crypto platforms. Crypto.com is considering adding $BONE, according to rumors on Twitter (NYSE:TWTR). However, with Bluebit.io welcoming all three tokens of the Shiba Inu (SHIB) trifecta, it is highly likely that $BONE will grow on the major crypto exchanges in the near future.

Shibarium is Expected to Lower Fees

The Layer-2 solution for the most popular memecoin will bring a couple of perks, much anticipated by the SHIB Army. The benefits of the Layer-2 solution, Shibarium, is as follows:

  • Lower transaction fees
  • Built-in $SHIB burn mechanism
  • More utilization for $BONE
  • Faster transaction time frame
  • Groundwork for SHIB: The Metaverse
On top of that, the upcoming Ethereum (ETH) ‘The Merge’ upgrade is likely to speed up the transactions for Shiba Inu (SHIB) as well, as the canine coin is hosted on Ethereum (ETH). Conclusively, crypto enthusiasts are talking about Shibarium coming soon for a very good reason. According to crypto influencer Lucie Sasinkova, the Layer-2 upgrade is coming as soon as the third quarter of 2022.

Bone ShibaSwap (BONE) Doubles Up Ahead of Shibarium Upgrade
 

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